Daily Cryptocurrency Tracker 15.5.19: Bitcoin holds around $8,000

The incredible rally seen earlier this week in crypto markets continued over the past 24 hours, as 8 of the top 10 cryptos registered gains. At the time of writing, Bitcoin was seen slightly higher, still holding above the $8,000 mark.

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XRP rises 11%

While the majority of cryptocurrencies were seen higher over the past 24 hours, the largest gains posted by a top 10 crypto were registered by XRP, which was up more than 11% at the time of writing. XRP was late to join the recent bull run, starting its climb yesterday. The crypto, ranked 3rd overall by market cap, has shown tremendous weekly gains, up by more than 40% over the past 7 days.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Facebook hires two former Coinbase experts

Social media giant Facebook continues its blockchain efforts with two new hires. The company hired two new compliance experts who formerly worked for Coinbase, a major US-based cryptocurrency exchange. According to reports, at least one of the two new hires will be part of Facebook’s blockchain division. Earlier reports suggest that Facebook is working on its own cryptocurrency, possibly names Facecoin, which will be integrated with its WhatsApp messaging app and enable users to transfer funds to one another.

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Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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